Investing in a 401K Plan

Hi guyz, this is a continuation of tax shelters I started off here: Tax Shelters (IRA),where I wrote about  IRA’s. Now I am going to look into another investment tool that can be used as a tax shelter: 401k plan. A 401k is a retirement plan fairly similar to the traditional IRA. A 401k is a retirement plan that is not taxed from investment until withdrawal. Contributions to an employee’s 401(k) plan are made from the employee’s salary before taxes. [Read more…] about Tax shelters (401k)